Bitcoin ‘Angle Theory’ unlocks BTC’s next cycle top Share
Cryptocurrency Oct 18, 2024As Bitcoin (BTC) approaches the $70,000 resistance level, a crypto analyst has highlighted chart patterns that suggest BTC could reach a peak between $140,000 and $160,000 during this cycle.
Notably, an analysis by TradingShot leverages the so-called “Angle Theory,” previously covered by Finbold. This theory, based on the logarithmic growth curve, provides a clear roadmap for BTC’s next major price milestone, projecting a peak by late 2025.
Historically, Bitcoin’s price has followed well-defined cyclical patterns, supporting this forecastDespite growing optimism, prominent analysts present a more cautious outlook.
Picks for you
Crypto trader misses out on $9 million windfall from $300 investment 7 hours ago 3 cryptocurrencies to avoid trading next week 8 hours ago Here’s how much Trump's crypto portfolio is up in 2024 11 hours ago Truflation and Scannit partner up to create more comprehensive data sets 12 hours ago
Ali Martinez believes BTC is nearing the limits of its current rally, while Alan Santana warns that the recent surge may not be a genuine bullish impulse but rather a ‘bull trap.’ Meanwhile, other analysts, such as RLinda, suggest that market manipulation may be driving the current rally.
Historical cycle peaks and angle patterns
According to the analysis, Bitcoin’s price history is marked by clear cyclical peaks, which have followed a logarithmic curve since BTC’s inception.
BTC price analysis chart. Source: TradingShot/TradingView
Previous cycle tops were recorded at $32, $1,250, $19,800, and $69,800, each time touching the upper boundary of the logarithmic growth curve.
Notably, the angle between one peak and the next has consistently halved, indicating a geometric progression in BTC’s cycle tops.
In 2011, the first major cycle peak was at $32, forming a steep 42° angle. By 2013, the second cycle peaked at $1,250, forming a 22° angle. In 2017, Bitcoin reached $19,800, with an 11° angle.
Finally, in 2021, BTC climbed to $69,800, continuing this trend. Based on this pattern, TradingShot’s angle theory now suggests that the next cycle top will form at a 7° angle on the logarithmic curve, pointing to a projected peak between $140,000 and $160,000.
“If we take all previous Cycles and apply them to fit the new price action towards the top of the Log Growth Curve, that 7° line gives a projected Cycle peak within $140000 – 160000” – TradingShot
This consistent reduction in angles makes a compelling case for BTC’s future price movement, closely following historical trends with remarkable precision.
Cycle bottoms and angle correlation
Interestingly, the same angle measurements can be applied to Bitcoin’s cycle bottoms. Although these figures show more variation, the bottoms generally follow the same angular progression as the peaks.
The angle theory estimates that the upcoming cycle bottom could occur at an 8° angle, following prior bottoming patterns, though this is subject to greater volatility than the peaks.
While some analysts predicted Bitcoin’s current cycle peak might occur earlier, by January 2025, the angle theory and historical comparisons suggest a longer timeframe. Sine wave tops, which have historically captured Bitcoin’s cyclical peaks with high accuracy, indicate a peak around November 2025.
This projection is further supported by the alignment of fractals from previous cycles, which similarly point to a late-2025 top.
However, the Bitcoin ETF launch and increased institutional interest could create significant price action that may influence this timeline. The cyclical nature of BTC suggests that late 2025 remains the more likely window for the next peak.
Echoing this bullish sentiment, Cryptocon, a well-known market analyst, has identified a potential high of $240,000 based on the Consecutive Candles 9 (CC9) indicator, suggesting a strong long-term outlook for Bitcoin.
Bitcoin price analysis
As of press time, Bitcoin is trading at $68,752, up 2% in the last 24 hours. On the weekly chart, BTC has gained 10%.
BTC seven-day price chart. Source: Finbold
With a potential top forming as late as November 2025, investors should closely monitor key market events, as these catalysts are likely to play a crucial role in Bitcoin’s price trajectory over the next year.